Stop Cash Shrink

Michigan regulators are trying to tackle the thorny issue of banking services for companies in the cannabis business, but it doesn’t appear that a solution is immediately obvious.

According to a Michigan NPR affiliate, the lack of financial services for most of the medical marijuana industry – which the state is currently in the process of regulating – has come to the attention of the state MMJ licensing board.

And while the board wants to help, it’s apparently not quite sure what to do.